03-02-2012, 12:39 PM
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#1
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First Line Centre
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Iceland wants the loonie - Canada to say it's OK
http://www.theglobeandmail.com/globe...rticle2356634/
Iceland is looking into using the Canadian Dollar because the Krona appears to be permanently deflated. Canada's ambassador is going to tell Iceland that we are fine with that, provided they understand the dangers of not being able to set their own interest rates.
Regardless, it won't have much of an impact on us... except that we won't need to get foreign currency when visiting Iceland!
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03-02-2012, 12:47 PM
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#2
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Join Date: Mar 2006
Location: Now world wide!
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I can't wait for our new line of Bjork quarters to come out.
They might be even weirder than some of the ones we've already got.
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03-02-2012, 12:48 PM
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#3
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Franchise Player
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Only if we get regular access to their hot dogs.
These ones: 
__________________
When you do a signature and don't attribute it to anyone, it's yours. - Vulcan
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03-02-2012, 12:51 PM
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#4
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Franchise Player
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Something got lost in translation, they just wanted a few of our pretty ducks.
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03-02-2012, 12:55 PM
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#5
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Voted for Kodos
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Speaking of which, can we get rid of the term "Dollar" and replace it with "Loonie?" I want to have 20 loonie bills instead of 20 dollar bills.
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03-02-2012, 12:57 PM
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#6
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Backup Goalie
Join Date: Jun 2011
Exp: 
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It's not really our choice anyway, any country could adopt our currency if they really wanted to. There isn't really anything we could do about it. They'd just start circulating Canadian dollars.
It is interesting that a foreign country would be interesting in adopting the loonie when it's far less liquid than the USD or Euro, and is tied directly to oil prices (which Iceland isn't really an exporter of).
That said, it doesn't hurt us in anyway. Go for it if they want to.
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03-02-2012, 01:00 PM
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#7
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Franchise Player
Join Date: Jun 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by geos
It's not really our choice anyway, any country could adopt our currency if they really wanted to. There isn't really anything we could do about it. They'd just start circulating Canadian dollars.
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Would they have to get it from Canadian circulations so the print is consistent and prevents and cleaver loopholes one could do?
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03-02-2012, 01:00 PM
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#8
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Franchise Player
Join Date: Nov 2008
Location: the dark side of Sesame Street
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could we somehow exploit this as a way to enter a second hockey team at the Olympics? Canadian players under the Iceland flag?
__________________
"If Javex is your muse…then dive in buddy"
- Surferguy
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03-02-2012, 01:01 PM
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#9
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Franchise Player
Join Date: Apr 2008
Location: Calgary
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Just a small step towards us protecting all our arctic interests, next up Greenland. 
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03-02-2012, 01:08 PM
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#10
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Backup Goalie
Join Date: Jun 2011
Exp:
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Quote:
Originally Posted by Joborule
Would they have to get it from Canadian circulations so the print is consistent and prevents and cleaver loopholes one could do?
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They can't print it themselves, that would be counterfit just as if you did it. They also won't have the flexibility of "creating" more of their own money through quantative easing type central bank activity because only the Bank of Canada could do that sort of thing. That's the monetary policy flexibility they'd give up in exchange for having a more stable currency. For example, they would not be able to adjust domestic interest rates effectively. That's a big trade off and something that Iceland shouldn't ignore completely.
They'd have to receive the hard currency from Canada. That's relatively easy to do though, there is no restriction (well, limited restrictions) on financial institutions shipping CAD around the world.
Just hopefully the ship carrying a billion $20's doesn't go down in the North Atlantic...
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03-02-2012, 01:08 PM
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#11
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Franchise Player
Join Date: Feb 2006
Location: Calgary
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Quote:
Originally Posted by Puppet Guy
could we somehow exploit this as a way to enter a second hockey team at the Olympics? Canadian players under the Iceland flag?
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If Mighty Ducks has taught me anything, it's that you don't mess with a team from Iceland.
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03-02-2012, 01:19 PM
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#12
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Scoring Winger
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After what Iceland went through to get away from IMF and World Bank interference, i can see why they would want to stay away from the Euro or the US Dollar
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03-02-2012, 01:21 PM
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#13
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Powerplay Quarterback
Join Date: Oct 2003
Location: right here of course
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The beginning to getting an 11th province perhaps?
On second thought, nevermind...they'll just want to separate in a few years anyway...
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03-02-2012, 01:25 PM
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#14
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Franchise Player
Join Date: Jun 2006
Location: Calgary, Alberta
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We both got hot girls and speak English. Why would they want to separate?
If anything why is it taking them so long to join the Dominion of Canada?
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03-02-2012, 01:36 PM
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#15
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Franchise Player
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Join us Thor.
You know you want to.
__________________
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03-02-2012, 01:40 PM
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#16
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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Quote:
Originally Posted by Joborule
We both got hot girls and speak English. Why would they want to separate?
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Most of our hot girls are Montreal strippers.
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03-02-2012, 01:44 PM
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#17
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Lifetime Suspension
Join Date: Apr 2004
Location: Market Mall Food Court
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We should only let them have it if they rename their country Greenland, so we can rename Greenland, Iceland.
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03-02-2012, 01:58 PM
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#18
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First Line Centre
Join Date: Jun 2011
Location: Edmonton
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CBC did a show on this a month ago and the Minister of Finance or some such title from Iceland said it was all just a rumour and not planned or being considered. If I have learned anything from politicians it is that denial is the first step towards acting.
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03-02-2012, 02:02 PM
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#19
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Franchise Player
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Quote:
Originally Posted by Joborule
We both got hot girls and speak English. Why would they want to separate?
If anything why is it taking them so long to join the Dominion of Canada?
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Sadly, the presence of these in Iceland is highly overstated. They have some, but much to my chagrin not nearly as many as I had allowed myself to believe they would have,.
__________________
When you do a signature and don't attribute it to anyone, it's yours. - Vulcan
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03-02-2012, 02:02 PM
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#20
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Franchise Player
Join Date: Mar 2009
Location: Calgary
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Quote:
Originally Posted by The Yen Man
If Mighty Ducks has taught me anything, it's that you don't mess with a team from Iceland.
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Gunner Stahl! Long lost European brother to Eric, Jordan, and Marc.
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